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Steady Expansion Forecast for Cordless Vacuum Cleaners Market, Projected to Reach $11.12 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Cordless Vacuum Cleaners Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of cordless vacuum cleaners has significantly increased in the past few years. A growth is anticipated from $8.25 billion in 2024 to $8.67 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. Factors such as effects of the pandemic, aggressive competition, increased disposable income, marketing strategies, convenience and user-friendliness, as well as urbanization and limited space have contributed to the historical growth observed.
Cordless Vacuum Cleaners Market Size Forecast: What's the Projected Valuation by 2029?
The market for cordless vacuum cleaners is predicted to witness significant expansion in the upcoming years, scaling up to $11.12 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the forecasted period include their multi-purpose utility, streamlined and flexible designs, advanced filtration systems, and the incorporation of intelligent features and cord-free charging capabilities. Key trends projected for the forecast period comprise advancements in battery technology, improved suction capability, ability to clean multiple surfaces, compactness and light weightiness, and the inclusion of hepa filtration systems.
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What Are the Drivers Transforming the Cordless Vacuum Cleaners Market?
The cordless vacuum cleaners market is burgeoning thanks to increasing disposable income and a heightened consumer awareness regarding health and hygiene, predominantly in urban regions. As income levels rise, more and more individuals are diverting their funds towards health and hygiene-oriented products. For example, Bureau of Economic Analysis, a US-based government institution, released a report in June 2022, which confirmed that there was a monthly increase of $113.4 billion, or 0.5 percent, in personal income in May 2022. Correspondingly, disposable personal income (DPI) saw an elevation of $96.5 billion (0.5%). The escalating consciousness about the advantages of vacuum cleaners, like their easy portability and time-saving properties, is fueling the demand for cordless vacuum cleaners on a global scale. This scenario is, sequentially, propelling the revenue surge for cordless vacuum cleaners.
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What Long-Term Trends Will Define the Future of the Cordless Vacuum Cleaners Market?
Prominent companies are progressively concentrating on the invention of technologically advanced products to supply customer demand. Increased emphasis is being laid on creating next-generation vacuum cleaners that feature intelligent and cordless technology, enhancing consumer experience and simplifying cleaning processes. Furthermore, the creation of intelligent vacuum cleaners equipped with battery-sensing, floor-sensing and filter-sensing technologies is at the forefront of trends in the cordless vacuum cleaner industry. For example, in May 2022, Samsung, a multinational electronics corporation based in South Korea, introduced their High-performance premium Jet Cordless Stick Vacuum Cleaners to the Indian market. These cleaners are capable of trapping 99.999% of minute dust particles and allergens. They are powered by a robust digital inverter motor that fine-tunes airflow using ultrasonic welded air foil blades to maximize efficiency. The Samsung Jet comes equipped with a broad variety of extremely efficient motorized brushes, providing a range of cleaning methods to suit differing customer lifestyles, cleaning routines, and floor surfaces.
Which Segments in the Cordless Vacuum Cleaners Market Offer the Most Profit Potential?
The cordless vacuum cleaners market covered in this report is segmented -
1) By Product Type: Handheld, Canister, Upright, Stick, Other Product Types
2) By Distribution Channel: Offline, Online
3) By Application: Household, Commercial
Subsegments:
1) By Handheld: Mini Handheld Vacuum Cleaners, High-Power Handheld Vacuum Cleaners
2) By Canister: Bagged Canister Vacuum Cleaners, Bagless Canister Vacuum Cleaners
3) By Upright: Traditional Upright Vacuum Cleaners, Compact Upright Vacuum Cleaners
4) By Stick: Lightweight Stick Vacuum Cleaners, Multifunctional Stick Vacuum Cleaners
5) By Other Product Types: Robotic Cordless Vacuum Cleaners, Wet And Dry Cordless Vacuum Cleaners
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Which Firms Dominate the Cordless Vacuum Cleaners Market by Market Share and Revenue in 2025?
Major companies operating in the cordless vacuum cleaners market include Samsung Electronics Co. Ltd., Robert Bosch GmbH, Panasonic Corporation, Midea Group Co. Ltd., Haier Group Corporation, Xiaomi Inc., LG Corporation, Koninklijke Philips N.V., Stanley Black & Decker Inc., AB Electrolux, Dyson Ltd., Makita Corporation, Brigii Tech Co. Ltd., SharkNinja Operating LLC, TTI Floor Care North America, Beko plc, BISSELL Homecare Inc., Taurus Group BV, Oreck Corporation, Miele & Cie. KG, iRobot Corporation, Kent RO Systems Ltd., Glen Dimplex Home Appliance Ltd., Hoover Inc., Neato Robotics Inc., Suzhou Puppy Pet Products Co. Ltd., Grey Technology Ltd.
Which Regions Offer the Highest Growth Potential in the Cordless Vacuum Cleaners Market?
Asia-Pacific was the largest region in the cordless vacuum cleaners market share in 2024. Western Europe was the second-largest region in the global cordless vacuum cleaners market. The regions covered in the cordless vacuum cleaners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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